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US Bank launches pay day loan substitute for cash-strapped clients

US Bank launches pay day loan substitute for cash-strapped clients

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Most of us have actually unanticipated costs. But also for the countless of us who will be residing paycheck to paycheck, those unforeseen expenses are difficult — if not that is impossible pay for.

This week, U.S. Bancorp established an option that is new offer its clients an easy method out of this kind of bind: Simple Loan, which allows the bank’s checking account clients borrow between $100 and $1,000.

The first of the credit that is small-dollar by a sizable bank could express a difference in finance institutions getting back in a company they backed away from years back. For customers, it may suggest another solution for their cash-flow plights.

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